economic dynamism

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Vigorous activity, progress, and strength in an economy. The Ewing Marion Kauffman Foundation measures economic dynamism by: the share of jobs in fast-growing firms; the degree of job turnover (a product of new business start-ups and existing business failures); and the value of companies' initial public offering (the event of a firm's first sale of stock shares). J. Jacobs (1984) sees the economic dynamism of cities as the outcome of the closely related processes of innovation and import replacement. Wojan et al. (2007) J. Econ. Geog. 7, 6 find that a relative abundance of bohemians positively influences local economic dynamism.

www.kauffman.org/neweconomy Website of the Ewing Marion Kauffman Foundation.

Subjects: Earth Sciences and Geography.

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